PG&E Corp
PCG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$61.70 | Vfsst | Dlhfzwltc |
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth
We reaffirm our $15.50 fair value estimate for PG&E after the company reported $0.37 of core earnings per share in its first quarter, up from $0.32 in the first quarter of 2023 after adjusting for the general rate case decision late last year. Results are on track to meet our full-year EPS forecast, at the high end of management's $1.33-$1.37 guidance. We are maintaining our no-moat rating.